diff --git a/changelog/70226.fixed.md b/changelog/70226.fixed.md
new file mode 100644
index 000000000000..6c58a40ea8eb
--- /dev/null
+++ b/changelog/70226.fixed.md
@@ -0,0 +1 @@
+Stopped proxy minions logging ``Error during asyncio shutdown: The future belongs to a different loop than the one specified as the loop argument`` on Python 3.14. ``asyncio.gather`` takes no ``loop`` argument any more and resolves the loop from the calling context, but ``SyncWrapper.close()`` runs outside the loop it is tearing down, so gathering that loop's pending tasks was rejected and they were never drained.
diff --git a/salt/utils/asynchronous.py b/salt/utils/asynchronous.py
index 031da0fd5932..b35667448da3 100644
--- a/salt/utils/asynchronous.py
+++ b/salt/utils/asynchronous.py
@@ -184,16 +184,29 @@ def close(self):
                 if pending_tasks:
                     for task in pending_tasks:
                         task.cancel()
-                    gathered = asyncio.gather(*pending_tasks, return_exceptions=True)
+
+                    # ``asyncio.gather`` has no ``loop`` argument any more, so it
+                    # resolves the loop from the calling context.  ``close()``
+                    # runs outside ``self.asyncio_loop`` -- the thread's current
+                    # loop is a different one -- so on Python 3.14 gathering
+                    # tasks that belong to ``self.asyncio_loop`` raises
+                    # ``ValueError: The future belongs to a different loop than
+                    # the one specified as the loop argument``.  Earlier versions
+                    # took the loop from the first future and let it pass.
+                    #
+                    # Build the gather *inside* the loop instead, where the
+                    # running loop is the right one on every version.
+                    async def _drain(tasks):
+                        await asyncio.gather(*tasks, return_exceptions=True)
+
+                    drain = _drain(pending_tasks)
                     try:
-                        self.asyncio_loop.run_until_complete(gathered)
+                        self.asyncio_loop.run_until_complete(drain)
                     except Exception:  # pylint: disable=broad-except
-                        # ``gathered`` is a Future; if run_until_complete bailed
-                        # part-way we still need to make sure the Future is
-                        # consumed so its exception (if any) isn't logged as
-                        # unhandled.  Tasks already cancelled above.
-                        if not gathered.done():
-                            gathered.cancel()
+                        # Close the coroutine we just built so it is not
+                        # garbage-collected unawaited, which would emit a
+                        # RuntimeWarning on stderr.  Tasks already cancelled.
+                        drain.close()
 
             if self._loop_can_run_until_complete(self.asyncio_loop):
                 shutdown_agens = self.asyncio_loop.shutdown_asyncgens()
diff --git a/tests/pytests/unit/utils/test_asynchronous.py b/tests/pytests/unit/utils/test_asynchronous.py
index a6ccb46d7a8d..3d2ee69cf263 100644
--- a/tests/pytests/unit/utils/test_asynchronous.py
+++ b/tests/pytests/unit/utils/test_asynchronous.py
@@ -17,6 +17,7 @@
 import tornado.ioloop
 
 import salt.utils.asynchronous as asynchronous
+from tests.support.mock import patch
 
 
 class HelperA:
@@ -156,3 +157,65 @@ def test_sync_wrapper_thread_has_asyncio_loop_65702():
         assert sync.check_loop() is True
     finally:
         sync.close()
+
+
+class HelperPending:
+    """A helper whose wrapped coroutine leaves a task pending on the loop."""
+
+    async_methods = [
+        "start_background",
+    ]
+
+    def __init__(self, io_loop=None):
+        self.io_loop = io_loop
+
+    @tornado.gen.coroutine
+    def start_background(self):
+        # Leave a long-lived task behind on this wrapper's own loop, so
+        # ``close()`` has something to drain.
+        asyncio.ensure_future(asyncio.sleep(3600))
+        raise tornado.gen.Return(True)
+
+
+def test_close_drains_tasks_belonging_to_the_wrappers_own_loop():
+    """
+    ``close()`` runs outside the loop it is tearing down -- the calling
+    thread's current loop is a different one.  ``asyncio.gather`` no longer
+    takes a ``loop`` argument, so it resolves the loop from the calling
+    context, and on Python 3.14 gathering tasks that belong to another loop
+    raises ``ValueError: The future belongs to a different loop than the one
+    specified as the loop argument``.  Earlier versions took the loop from the
+    first future and let it through, so this surfaced as a wall of
+    "Error during asyncio shutdown" for every proxy minion on 3.14.
+
+    Building the gather inside the loop drains the tasks on every version.
+    """
+    sync = asynchronous.SyncWrapper(HelperPending)
+    sync.start_background()
+
+    pending = [t for t in asyncio.all_tasks(sync.asyncio_loop) if not t.done()]
+    assert pending, "expected a task pending on the wrapper's loop"
+
+    # The failure only happens when ``close()`` is called from inside a
+    # *different running* loop, which is how it is reached in a proxy minion:
+    # ``asyncio.gather`` then resolves the running loop rather than the tasks'
+    # own loop and rejects them.  Drive it that way.
+    #
+    # Asserting on the tasks alone would not catch this either -- they are
+    # cancelled before the gather, so they end up done() regardless.  The
+    # symptom is the swallowed exception, so assert nothing was logged.
+    async def _close_from_another_running_loop():
+        with patch.object(asynchronous.log, "error") as log_error:
+            sync.close()
+        return log_error.call_args_list
+
+    driver = asyncio.new_event_loop()
+    try:
+        errors = driver.run_until_complete(_close_from_another_running_loop())
+    finally:
+        driver.close()
+
+    # Only the swallowed exception is asserted on.  The tasks themselves
+    # cannot be driven to completion here -- a loop cannot be run from inside
+    # another running loop -- so their state is not the thing under test.
+    assert not errors, errors